Ebix Inc (NASDAQ:EBIX) Director Hans Ueli Keller sold 2,675 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $60.42, for a total value of $161,623.50. Following the transaction, the director now owns 73,253 shares in the company, valued at $4,425,946.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Ebix Inc (NASDAQ:EBIX) opened at 60.35 on Monday. Ebix Inc has a 12-month low of $36.20 and a 12-month high of $65.10. The stock has a market capitalization of $1.90 billion, a P/E ratio of 21.10 and a beta of 1.76. The firm’s 50-day moving average price is $60.68 and its 200 day moving average price is $58.29.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, February 24th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.50%. Ebix’s dividend payout ratio (DPR) is presently 10.87%.
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Several large investors have recently bought and sold shares of EBIX. BlackRock Advisors LLC raised its stake in Ebix by 5.5% in the third quarter. BlackRock Advisors LLC now owns 12,782 shares of the company’s stock worth $727,000 after buying an additional 665 shares during the period. WINTON GROUP Ltd acquired a new position in Ebix during the third quarter worth approximately $435,000. Oppenheimer & Co. Inc. acquired a new position in Ebix during the third quarter worth approximately $2,377,000. CIBC World Markets Inc. boosted its position in Ebix by 7.1% in the third quarter. CIBC World Markets Inc. now owns 52,205 shares of the company’s stock worth $2,968,000 after buying an additional 3,444 shares in the last quarter. Finally, KBC Group NV boosted its position in Ebix by 186.5% in the third quarter. KBC Group NV now owns 21,239 shares of the company’s stock worth $1,207,000 after buying an additional 13,826 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.
Several research analysts have commented on the company. Sidoti assumed coverage on Ebix in a report on Thursday, February 16th. They set a “buy” rating on the stock. Zacks Investment Research downgraded Ebix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 10th.
Ebix, Inc (Ebix) is a supplier of software and e-commerce solutions to the insurance industry. Ebix provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. Ebix conducts its operations through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS).
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